Folks, these options that the board has have a
stike price, or if you will a price that the board
members have to PAY to take ownership of the shares of
stock. In many cases, they cannot afford to keep all of
My problem comes in when they don't keep any of it
or do not in my opinion have "appropriate ownership"
in the company. I sure that opinions are going to be
like noses on "appropriate ownership" in that everyone
will have a slightly different opinion.
I am with you all the way Iwantreturn. How true.
Did you ever figure out how much money Dan Evans is
taking out of this compcny.We are paying Dan Evans
$1,000,000.00 plus compensation, that we know of. That is 2% of
the total profit of this small cap copany. COME ON
INSTITUTIONAL INVESTORS YOU CARRY 40% OF THE VOTES WE NEED YOUR
HELP. So the management tell you Dan has not been his
self lately. I knew something was wrong with him.
I am with you all the way Iwantreturn. I know
what you mean about the insiders selling their stock,
and they always sell at the top. You don't think they
might have a little inside information do you? I know
they get their stock on options, but if they have any
confidence in the company why sell. I remember Beatrice
Foods well, and Dan Evans wanted out real fast. Dan why
don't you sell the company now,that you don't have Bob
Evans around to blame it on. Iwantreturn, you made a
statement, that management around Dan Evans said , Dan has
not been him self lately. How can a person run a
successful company, and run around getting people out of
jail, and building hospitals? I would like to be at the
meeting but I live too far away to attend, most of the
stockholders who are there are small holders, and just want to
go eat something free. THE INSTITUTIONAL INVESTORS
CARRY 40% OF THE VOTES ANYWAY. We need them to get the
job done, that has to be done, to get this company
going again. After the SEC gets done wtih them, I think
that will open their eyes. The IRS people are in there
also, I heard.
Does anyone remember when BOBE was to be sold to
Beatrice Foods? And where is Beatrice today? It was Dan
Evans who was pushing the sale and if it wasn't for Bob
Evans himself refusing to sign on the dotted line we
all know where we would be today. Are we going to let
this continue till we are given as a sacrafice to
possibly another Beatrice? Listen to what people are
saying on this message board. I have been around and in
this company by marriage for nearly 30+ years, there
are problems. Even when talking to the management
they will tell you Dan has not been himself lately.
Read, listen to, and think about what is going on. We
need to pull together this time and let them know we
will not put up with mediocrity.
options the company offer are very nice for management,
but very few of them actually buy and hold their
shares. Most of them wait until they are about to expire
and turn them for profit. This may be standard for
most in business, but I have a hard time with those
who are in the company not holding on to and taking
pride in ownership of BOBE. Any other opinions on this
How many of you who leave messages on this board will
be at the meeting in September? Stand behind your
vote and attend.
I am responding to your post, I
feel that by responding to Brain and chicken cutlet is
counter productive, it seems that they think that sarcasm
and a questionable wit is the answer to BOBE
In your post you make valid points,
1)What exactly are the alternatives? 2)If we vote not to
retain the current board, what will happen? 3) The sale
of the company will not increase share value. On
both these points we seem to agree.
the main disagreement we have is what can prompt the
board to increase the value per share. The basic
problem is that most people think that they are isolated
in their ownership of stock, but in reality the
shareholder is part of a larger "living" body, if one system
of that body is not happy with it enviorment that a
system failure can occur.
My basic contension,
as illustrated above, is that if investors, large
and small, voice disapprovement, in unison, then that
should cause the board to act. If there isn't any action
taken, it is the begining of a class action law
BTW does any one know how to nominate a person for
election to the board?
My point was not about Nixon, who cares! What
about somebody that really deserved the nomination back
then and did not get it.
You are being blinded.
Let me explain my position again.
We get to
vote for the board of directors, we are given three
choices in this case, all incumbants if you will. There
are no other choices, there is not even a spot for a
write in. Does anyone out there know if a board member
has not been reelected in the proxy. What happened to
the stock afterward if this did happen, I am curious.
The provision to sell the company would make the
holders of BOBE look like first class idiots! I don't
think it would give us the value we deserve either. If
you want to send a strong message to the board, vote
against the people who are up. My bet is it won't do much
All Institutional Investors we need your help in
voting your proxy. PLEASE READ YOUR PROXY CAREFUL BEFORE
VOTING. 1-Thompson Siegel & Walmsley---2-Aeriel Capital
Management Inc.--- 3-OHIO STATE TEACHERS RETIRMENT
SYSTEMS---- 4-First Pacfic Advisors 5----Smith Thomas W.
6----Wells Fargo Inst. 7----Bankers Trust N. Y. 8----College
Retirement Equities 9----Neuberger & Berman 10----Equitable
Companies Inc.11----CALIFORNIA PUBLIC EMP. RET.
SYSTEM---and many many more. Look on the proxy statement page
11 and see the cumulative value for the last 5
years, compaired to the S&P 500 ,also look on page 8 and
see just what the 5 highest compensated executives
were paid. FOR WHAT? All of the directors got
increases in their compensation. FOR WHAT? Please look at
the annual report, and you will see that the
executives were compensated entirely too much for what was
accomplished in this small cap company. PLEASE, PLEASE,PLEASE
we are asking for your help, in your vote before
BOBE makes more mistakes in some fruitless
acquisitions, as he has done before. They have all been
failures. Now Dan makes a statement in the annual report
that the company is financially strong enough to make
more acquisitions. Can we stockholders afford to let
them do it again, I think not? Again we need your
help, without your Institutional Investors votes it
will not happen. With the right leadership this
company has great potential.
So what I believe you are
saying is that one person or in this case votes can't
make a difference??? Don't tell this to Nixon who lost
the Presidency by less than 100,000 votes or Jackson
who was spared impeachment by one vote. The point you
are missing is that by sending the Board a clear
message, maybe they will act. If they do not act, then it
is up to the little investor to lobby, scrach, beg
or do what ever is nessacery to gain the avenue to
have a voice. How do you think unions can shut down a
giant like GM, and it can be said that they are only
BTW, if the stock is so bad why
are there institutional investors buying the stock?
If you think that it only to balance the gains they
achieve, I can name at least 25 stocks which you can
balance your gains with.
Remember, alone I am only
a voice, united we are the majority.
The board in this case falls into two distinct
A. Second generation family
B. Outsiders who are
CEOs or own their own company.
I am not saying
that this is the case, but second generation family
members do not in general do as well as their
predecessors or the following generation. There have been
studies on this!
The outsiders like I said all
have big jobs at other places or are retired from
such. The compensation is in line folks with other
companies from what I have seen. Is this right, I don't
know. It is funny that the compensation committee is
made up of board members. Some of whom have little
stock in the company. I personally liked the post about
Cheryl Krueger. It looks to me like she cashed out
folks. Let's see, $250,000 per year, no stake in the
company doing any better than average. Lay off
touch Stewart! I do have to commend Stewart though, at
least he has a real stake in the company doing well,
nice chunk of shares.
Like I said before, it is
"an old boys club", I would love to get in but the
butt kissing and personal sacrifice are too much. Why
we pay these part timers this much is rediculous,
they have their own businesses to run. Note: this is
not just a BOBE problem.
To the poor nieve
person who wrote the last message. Get real! Most of us
including me do not have jack squat of a real vote. The
institutional investors have the power. Its sorta like voting
for president. I always end up with two bad choices
because the parties put their candidates in. Very similar